Weekly Rate Update 18Nov16 From Gerry Phillips With Movement Mortgage
Dated: November 20 2016
A new normal is being set with Home Mortgage Rates.The increase in rates is a sign of anticipated strong economic growth... that will be realized.This is not an unhealthy thing.
Quote of the week from Movement Secondary Market....
In the short-term, refinancing will appeal to fewer borrowers. Meanwhile, some buyers may be motivated to lock in now before rates tick higher. First-time homebuyers may approach the market with added caution because of headlines making noise about rising rates. Again, don’t panic. Almost all major forecasts still predict purchase mortgage originations to grow in 2017.
Yes, rates are going up but remember, they’re still historically low.
MORTGAGE RATES at a glance...
30yr Conventional (Fannie/Freddie) - low 4s
15yr Conventional - mid to high 3s
30yr Government (FHA, USDA, VA) - low 4s
15yr Government - High 3s
**Your Rate depends on several factors..
timing of your closing
loan amount, term, & program
You can depend on me for accurate and trustworthy information.
We Love & Value People... that is our culture at Movement Mortgage.
Thanks! ALWAYS feel free to call, text, or email me… any day, any time. My direct mobile number is 573-480-1978.
Accessible, Responsive, Decisive, Dependable Lender….
Gerry Phillips, Loan Officer (NMLS #505678)
Kathy Beeler is a trustworthy Lake of the Ozark Realtor, who is reliable and knowledgeable when it comes to buying or selling properties in Lake of the Ozarks area. If you are in need of a professiona....
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